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3 years ago

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Trade-offs between the __ and the future require weighing the _ available today against what will be available tomorrow.

A good produced for present ______ is a ______ good; a good that will help in the production of other valuable goods for the _____ is a ______ good.

1 answer:

gayaneshka [121]3 years ago

6 0

Answer:

The Present

The benefits

Consumption

Consumer good

Future

Capital

Explanation:

Trade-offs between the now and the future demand that the opportunities available today be balanced against what should be available tomorrow.

A product made for present use is a consumer product; a good that will aid in the future produce certain useful products is an investment good.

Therefore, those above-written answers are correct.

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According to the globe project, in-group collectivism refers to:.

antiseptic1488 [7]

In-group collectivism simply means how much pride and loyalty individuals have for their family or organization.

<h3>What is In-group collectivism?</h3>

In-group collectivism means the degree to which individuals are able to express pride, and cohesiveness in their families or organizations.

Countries with high institutional collectivism have individuals that identify with their families or organizations and obligations determine behaviors.

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2 years ago

The discovery of natural gas in the american midwest should lead to a(n) ____ in the price of land because of a(n) _____ land.

kodGreya [7K]

The discovery of natural gas in the American Midwest should lead to an <u>increase</u> in the price of land because of an <u>increase in </u><u>demand</u> for the land.

The law of demand and supply explains how demand and supply are related to each other and how that relationship affects the price of goods and services. As the law explains that when demand for a product increases, and when supply is limited, so in this situation prices tend to rise.

Here, by the discovery of natural gas in the American Midwest, the prices of the land increased, this happened because of an increase in demand for the land. So when demand increased the price also increased.

Hence, the relationship between demand and supply is it important.

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2 years ago

Below are transactions for Wolverine Company during 2021.

Nookie1986 [14]

Answer:

Wolverine Company

Adjusting Journal Entries:

1. Debit Deferred Revenue $2,000

Credit Rent Revenue $2,000

To record rent revenue for December.

2. Debit Insurance Expense $6,600

Credit Prepaid Insurance $6,600

To record the insurance expense for the year.

3. Debit Salaries Expense $3,000

Credit Salaries Payable $3,000

To record the unpaid salaries expense.

4. Debit Interest Expense $250

Credit Interest Payable $250

To accrue interest expense for 2 months.

5. Debit Supplies Expense $3,900

Credit Supplies $3,900

To record the supplies used during the year.

Explanation:

a) Data and Calculations:

1. Rent Revenue = $2,000 ($4,000/2)

2. Insurance Expense = $6,600 ($13,200*6/12)

3. Salaries Expense $3,000 and Salaries Payable $3,000

4. Interest Expense = $250 ($15,000 * 10% * 2/12)

5. Office Supplies:

Beginning balance $1,000

Purchases 3,400

Ending balance 500

Supplies Expense $3,900

b) Adjusting journal entries are made in order to allocate revenue and expenses to the period in which they are earned or incurred. This agrees with the accrual concept and the matching principle of generally accepted accounting principles, which require that revenue and expenses are recognized in the period they occur instead of when cash is exchanged.

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3 years ago

The following accounts and account balances are available for Badger Auto Parts at December 31, 2019:

SVETLANKA909090 [29]

Answer:

Answer is solved and explained in the explanation section below.

Explanation:

In this question, we are asked to prepare a trial balance assuming that all accounts have normal balances. And the purpose of making a trial balance is to make sure that the entries in the system are mathematically sound.

So,

Badger Auto Parts Debit Credit

Accounts payable $8,500

Accounts receivable $40,800

Accumulated depreciation (furniture) $47,300

Advertising expense $29,200

Cash $3,200

Common stock $100,000

Cost of goods sold $184,300

Depreciation expense (furniture) $10,400

Furniture $128,000

Income tax expense $3,800

Income tax payable $3,600

Interest expense $6,650

Interest payable $1,800

Inventory $60,500

Notes payable $50,000

Prepaid rent $15,250

Retained earnings $15,900

Sales revenue $264,700

Utilities expense $9,700

Totals $491,800 $491,800

6 0

3 years ago

If the previous year you reached 100% customer awareness in your company, this year what will you need to do to maintain this le

Vedmedyk [2.9K]

Answer:

C. I would only need to create 33% new awareness to maintain 100% this year.

Explanation:

Each product’s promotion budget determines its level of awareness. A product’s awareness percentage reflects the number of customers who know about the product. An awareness of 50% indicates half of the potential customers know it exists. From one year to the next, a third (33%) of those who knew about a product forget about it.

Last Year’s Awareness - (33% * Last Year’s Awareness) = Starting Awareness

If a product ended last year with an awareness of 50%, this year it will start with an awareness of approximately 33%. This year’s promotion budget would build from a starting awareness of approximately 33%.

Starting Awareness + Additional Awareness = New Awareness

You lose about 1/3rd each year as customers forget the product.

4 0

3 years ago

Read 2 more answers